Medicaid Investment Properties, LLC
|
info@medicaidip.com
(786) 463-4463 |
Medicaid Investment Properties, LLC is a specialized investment real estate company for Medicaid applicants. We only do investment real estate for this niche market. We have the resources available with a licensed broker and agents to find the right investment for you.
|
Our Strategy
There is a Medicaid rule that allows for investment property as long as it is rented with a fair market value. Florida also recognizes Lady Bird Deeds, so the payback provision to Florida Medicaid in Probate is avoided, and there is a step up basis on the property eliminating any capital gains tax.
We primarily invest in the Orlando metro area. This is because the seven year population growth is 17%, while the national average is 5.29%. Additionally, the rental market is strong at 0.84% of the purchase price, while the national average is only 0.71%. The projected job growth over the next year 4.17%, again significantly greater than the national average of 1.73%. https://www.realwealthnetwork.com/markets/orlando-florida/ |
Medicaid Strategies
Medicaid is long term care for seniors. Medicaid pays for a nursing home, up to $1400 for an Assisted Living, or up to 20 hours per week of home health aide. The maximum allowance for countable assets is only $2000, and in order to qualify for Medicaid, a Medicaid Strategy needs to be implemented. Unfortunately, every strategy has a negative consequence, such as income tax implications, capital gains tax, or payback provisions to Florida Medicaid. These are strategies utilized to avoid the five year look back period of Medicaid. Fortunately, there is one strategy that does not have any of these negative consequences. There is not an income tax implication, there is no capital gains, and most importantly there is not a payback provision to Florida Medicaid.
|
How We Work
|
For those individuals who have more assets than allowed by Medicaid, an Elder Law Attorney is essential for proper planning. The Elder Law Attorney does NOT hide the assets from Medicaid. Instead, the Elder Law Attorney converts the countable assets in a manner allowable by Medicaid regulations to avoid having the spend down of the those prior to applying for Medicaid.
We work ONLY with Elder Law Attorneys. Feel free to call us and we can refer an Elder Law Attorney for you. |